AltumFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-25 16:49

Abstract：AltumFX is an online trading platform based in Seychelles that operates without proper regulation. This platform offers traditional market instruments like Forex, Cryptocurrencies, Commodities, Stocks, and Indices. In addition, AltumFX provides leverage up to 1:500 and spread from 1.8 pips. The available trading platform is the leading MT5 and the minimum deposit requirement to open a live account is $10.

　　Note: AltumFX's official website: https://altumfx.com/ is currently inaccessible normal.

AltumFXReview Summary
Founded	2024
Registered Country/Region	Seychelles
Regulation	FSA (Suspicious Clone
Market Instruments	Forex, Cryptocurrencies, Commodities, Stocks, Indices
Demo Account	/
Leverage	Up to 1:500
Spread	From 1.8 pips
Trading Platform	MT5
Min Deposit	$10
Customer Support	Email: support@altumfx.com
Customer Support	Company Address: Suite C, Oion Mall Palm Street Mahe, Victoria Seychelles, 8421720 1

　　AltumFX is an online trading platform based in Seychelles that operates without proper regulation. This platform offers traditional market instruments like Forex, Cryptocurrencies, Commodities, Stocks, and Indices. In addition, AltumFX provides leverage up to 1:500 and spread from 1.8 pips. The available trading platform is the leading MT5 and the minimum deposit requirement to open a live account is $10.

Pros and Cons

Pros	Cons
Diverse trading assets	Suspicious clone FSA icense
Zero commission	Unfunctional website
MT5 available	Uncompetitive spreads
Low minimum deposit	Limited payment options
	Only email support

Is AltumFX Legit?

　　No, AltumFX operates with a suspicious clone license, which makes it risky to trade on this platform.

Regulated Country	Regulated Authority	Current Status	Regulated Entity	License Type	License No.
	The Seychelles Financial Services Authority (FSA)	Suspicious Clone	GT Global Ltd	Retail Forex License	SD019

What Can I Trade on AltumFX?

Trading Asset	Available
forex	✔
commodities	✔
indices	✔
stocks	✔
cryptocurrencies	✔
bonds	❌
options	❌
ETFs	❌

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for
MT5	✔	Desktop, Mobile, Web	Experienced traders
MT4	❌	Desktop, Mobile, Web	Beginners